Applicability of Penalty under section 271(1)(c) for additions done purely on estimate basis without definite finding as to concealment or furnishing of inaccurate particulars of income

Applicability of Penalty under section 271(1)(c) for additions done purely on estimate basis without definite finding as to concealment or furnishing of inaccurate particulars of income Short overview  Mere revision of income to a higher figure on estimate basis by ...
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Surplus arising on prepayment of deferred sales-tax loan at NPV is a capital receipt which could not be termed as remission or cessation of a trading liability so as to attract income tax u/s 41(1).

Surplus arising on prepayment of deferred sales-tax loan at NPV is a capital receipt which could not be termed as remission or cessation of a trading liability so as to attract income tax u/s 41(1).  Short overview  Surplus arising on prepayment of ...
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